Press release
Speech Analytics Market to Witness Astonishing Growth by 2029
Speech analytics market is anticipated to grow significantly at a CAGR of 19.0 % during the forecast period. Speech analytics is the process of extracting useful information from recorded calls between consumers and businesses. It is used to assess trend analysis, cost drivers, and identify process and product strengths and weaknesses. One of the primary factors fueling the growth of the market is increased competition among industry players and the rising trend of big data analytics. Additionally, the market is expected to be driven by rising demand for risk management and compliance, as well as the growing importance of voice in the multichannel world.The increasing need for customer intelligence services, as well as increased demand in the BPO sector or contact centers across the globe, are expected to propel the market growth during the forecast period. For instance, speech analytics, with its capacity to swiftly evaluate client intent and generate actionable information from calls, has proven to be a beneficial option, particularly for BPO organizations. Speech analytics is being used by marketing teams to anticipate which customers are likely to diverting from a product. They are then able to devise retention strategies and propose incentives to such customers, such as discount coupons or product upgrades. Furthermore, the requirement for interaction with existing systems and the inability to quantify Return on Investment (RoI) are two major factors that are restraining the growth of the global speech analytics market.Â
To Request a Sample of our Report on Speech Analytics Market:   https://www.omrglobal.com/request-sample/speech-analytics-market
 Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-Â
By Deployment Type
By Organization Size
By Type
By End-User
Regions Covered-Â Â Â Â Â Â
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Calabrio Inc., Calabridge Inc., Avaya Inc., AlmavivA S.p. A., IBM Corp., Microsoft Corp., NICE Ltd., ThoughtSpot Inc., among others.
Speech Analytics Market Report Segment
By Deployment Type
On-Premise Deployment
Cloud-Based Deployment
By Organization Size
Large Enterprise
Small and Medium-Sized Enterprises (SMEs)
By Solution
Speech Engine
Indexing, Analysis, and Query Tools
Dashboard and Reporting Tools
By End-User
BFSI
IT and Telecommunication
Government and Defense
Retail
HealthcareÂ
Media and Entertainment
Travel and Hospitality
OthersÂ
A full Report of Speech Analytics Market is Available at:Â Â https://www.omrglobal.com/industry-reports/speech-analytics-market
Speech Analytics Market Report Segment by Region
 North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin AmericaÂ
Middle East & Africa
Company ProfilesÂ
AlmavivAS.p. A.
Amazon Web Services, Inc.
Avaya Inc.
Calabrio Inc.
Callminer, Inc.
Clarabridge, Inc.
Genesys Telecommunication Laboratories, Inc.
Google, LLC
IBM Corp.
Micro Focus International PLC.
Microsoft Corp.
NewVoiceMedia Group (Salesforce.com Inc.)
NICE Ltd.Â
OnviSource, Inc.
OPEX Hosting Ltd.
SESTEK (Sestek Sound and Communication Computer Technologies Co.)
ThoughtSpot Inc.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @Â Â https://www.omrglobal.com/report-customization/speech-analytics-market
Media Contact:
Company Name:Â Orion Market Research
Contact Person:Â Mr. Anurag Tiwari
Email:Â info@omrglobal.com
Contact no:Â +91 7803040404
About Orion Market ResearchÂ
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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